India: Recruitment portal Aasaanjobs raises $5m led by Soros-backed Aspada Investments

Founders of Aasaanobs- (L-R) Gaurav Toshniwal,Dinesh Goel & kunal Jadhav

Online jobs portal, Aasaanjobs, has raised around $5 million in a round led by George Soros-backed Aspada Investments and with participation from existing investors including IDG Venture Capital India.

“The company would use the funds to automate its online recruitment marketplace and expand to new cities. The company would set up operations in Pune and Delhi in the first quarter and Bengaluru in the second quarter of 2016,” said Aasaanjobs CEO Dinesh Goel in a release.

In January 2015, Aasaanjobs had raised about $1.5 million from IDG Ventures India and Kanwal Rekhi-backed Inventus Capital Partners.

Founded in November 2014 by IIT Bombay alums Goel, Gaurav Toshniwal and Kunal Jadhav, AasaanJobs competes with the likes of Bengaluru-based BabaJobs Service, which owns BabaJobs.com and Info Edge-backed Naukri.

“It will be exciting to see how the team manages to mould a “workplace of the future“ by leveraging technology.The unstructured nature of recruitment as a space means there is an opportunity for disruption,“ said Kartik Srivatsa, managing partner of Aspada Investments.

AasaanJobs caters to both, blue collar and white collar candidates, as well as employers and recruitment agencies, and claims to have about 160,000 job seekers currently on its platform.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.